Finance Act, 1960

Amendment of section 7 of Finance Act, 1932.

5.—(1) The subsection set out in paragraph (a) of subsection (1) of section 4 of the Finance Act, 1957 , is hereby amended, with effect as from the commencement of section 7 of the Finance Act, 1932 , by the insertion of “whether before or” before “after the passing of this Act”.

(2) Where a certificate is given by virtue of this section in respect of any stocks, shares or securities, relief or repayment under subsection (1) of section 7 of the Finance Act, 1932 , shall, nevertheless, not be granted in respect of any dividend or interest on the stocks, shares or securities which was payable before the date of the certificate.